En bloc musing

The Horizon Towers sellers stood to sell their flats for $2.5 million each before it was aborted because of some technicality or reasons. And the buyer is going to sue. Now the issue is how much to claim. How about claiming that the plan to rebuild the place could generate profits in the hundreds or thousands of millions, like 100 storey high? This will probably mean a potential big loss in profits. Now the claim should be $5 million each from the sellers for breaching the agreement. Maybe claim $10 mil from each of them by submitting a plan that each new unit will be so well furnished and appointed that they can be sold at $10 million per unit. Those poor Horizon Towers owners must be having a nightmare now. It is now up to the buyer to decide how much they want to claim.

CPF Money

Boon Heng has come out with his second recommendation after his Japan trip. His first was to work longer and delay withdrawal. As one ages, withdrawal is not even an issue. Nothing to put in. His second recommendation is buying annuity plans, probably compulsory. How come I don't have this deja vu feeling that great things are happening? I was expecting a $3 million solution that will be more flexible and discriminating. I was expecting recommendations on how to deal with multi millionaires who need $20 mil but have $200 mil savings and those who need $20k but have only $2k and those who have half a million worth of properties or assets. And in my recent post I already mentioned that people who can work till they die need lesser or no CPF savings at all. Definitely they do not need to save more to stuff into their coffins.

Raping the Asian Minds

For a few centuries, Afro and Asian countries were colonised by the west and robbed of everything, including pride and ability to think rationally. The physical robbing of resources and wealth may be over, but mentally they are still being raped daily, with the assistance of the media, including their national media. Today, the Afro Asians hardly remember or talk about the ravages of being colonised, and even forgot who colonised them and subdued them in their own country. For these are not the agenda in the western media. They don't talk or write about them. Better to let people forget about them. And to keep the Afro Asian's mind occupied, they created a bogeyman for them to hate. In the past it was Communism. Now it is China. Everyday the West will be bashing China for one thing or another. Expansionist, aggressor ambition, human rights, destroying the environment, pollution, poor quality food and goods, about to collapse, about to conquer the world, boycott the Beijing Olympic etc etc etc. As the message keeps on repeating daily in all the media, the subconsciousness of the Afro Asian minds gradually see this huge demon in China. And they all hate China and Chinese. Compare the Afro Asian's anti Chinese feelings to those of the Koreans. The Koreans, especially the North, knew who colonised and raped them. It was not the Chinese. Their enemy number One is the Japanese. For the Koreans were the least affected by the daily raping of the western media. Many don't read or can't read English. In the rest of Afro Asia, where English is widely used and English media is widely read and followed, their enemy number One is China. They forgot and cannot remember who colonised them and raped them. The Afro Asians deserved to be raped, mentally. For they lacked the ability to think and set their own agenda. The agenda is set for them. The thinking was done for them. Pathetic.

Sultan of Selangor said

Sultan Sharafuddin Idris Shah of Selangor said, 'This country belongs to all Malaysians regardless of their race, and everyone has a right to feel as Malaysians.' The Sultan and some other royalties are showing concern about the worsening racial tension in the country stirred up by opportunist politicians in UMNO. The Sultan also said that politicians should not try to become popular by stirring up racial issues. If Malaysia and Malaysians were to allow the politicians to keep on stirring up hatred and animosities, Malaysia will go down the slippery road of self destruction. Instead of building consensus and building the economy, the politicians could only think of gaining fame and self interest at the risk of driving the country into racial turmoil. Has any of these opportunists come up with good developmental ideas to improve the life of the Malaysians? Zero. All they know is to stir shit and politicise everything. How could irresponsible politicians be allowed to continue to break up the country for their private agenda?

Quote by Khairy Jamaluddin

'How can we be racist, when we are defending equality.' And he wanted to increase affirmative action quota for Malays if the Chinese were not happy with the 30% set aside for Malays. In reality, especially in university places, it is more than 30%. And the Malay control of the economy too is more than 30%. While employment in govt service is probably 70% to 90%, depending on the ministry.

3 bubbles to destroy China

William Pesek wrote another article in the Today paper, one of those that prayed that China will collapse tomorrow. Nothing worth reading as the doomsayer's mindsets are predictable. I would like to write an article about the 6 bubbles that will destroy America. 1. The huge trade deficit that they cannot afford to repay. The greenback will soon become green banana money. 2. The huge expenditure on war and the defence budget. 3. The high consumption of Americans. They drink more petrol and eat beef that is 5 times bigger than the Asians. Mother earth just cannot afford to keep feeding them without going bust. 4. The high wage expectation. They think they are the chosen people that can always command a higher pay than other aliens. This privilege is only reserved for citizens of Paradise Island. All their industries will move out in a matter of time. They are simply uncompetitive. 5. They have made themselves the enemy of the Arab/Muslim world. 6. They think they can continue to fight wars everywhere with impunity. I could have added more. But these 6 bubbles, each alone, could cripple the American economy.

Nobel laureate out of sync in Paradise Island

Professor Muhammed Yunus was invited to Paradise Island to share his idea of a poor man's bank with Singaporeans. There were also talks of setting up an equivalent bank to help poor Singaporeans. I almost got choked when hearing this. This is probably the biggest contradiction to start with. In the first place there are no poor in Paradise Island. Or at least the poor are given more monetary aid than what the poor man's bank is giving out as loans, a miserable $50. Our govt is giving $300 a month to the poor as handouts! That must be a princely sum to go by. It is thus a non starter as a concept. The talks of Singaporean banks starting a poor man's bank is also another non starter. We used to have a poor man's bank. But since it started to charge a fee for the poor men to keep their miserable few dollars in our world class banks, I don't think any of our banks will bite at the possibility of giving out petty loans of $50 in the first place. It does not justify the high administrative cost. And how could we expect our banks to give loans without collaterals? Unthinkable. The talk by the Nobel laureate is as good as an academic exercise in futility to honour a great man.